Guideline Value for AMBETHKHAR NAGAR

Ambethkhar Nagar guideline value

The current guideline value of Ambethkhar Nagar is Rs 1,005 per sq.ft, effective from 1 July 2024. This area is located in Villankuruchi village and falls under the Ganapathy SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Ambethkhar Nagar has changed

The guideline value for Ambethkhar Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 150 per sq.ft. This increased to Rs 300 per sq.ft in 2012, followed by a significant decrease to Rs 201 per sq.ft in 2017. The value then rose sharply to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,005 per sq.ft as of the 2024 revision. Notably, there are no figures recorded for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 398%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a 100% increase. Overall, from 2007 to 2024, the guideline value has risen by 570%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median guideline value for these streets is Rs 1,008 per sq.ft, placing Ambethkhar Nagar's current figure below this median.

• A M D Nagar: Rs 1,006 per sq.ft (2024)
• Ambal Nagar: Rs 1,008 per sq.ft (2024)
• Amman Nagar Peace-1,2,3,4: Rs 1,010 per sq.ft (2024)
• Akkammal lay out: Rs 1,008 per sq.ft (2024)
• Anbu Nagar/Murugan Nagar: Rs 1,010 per sq.ft (2024)
• Andal Nagar/Sri Ambal Nagar: Rs 1,008 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value amounts to Rs 10,05,000. The stamp duty at 7% would be Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total to Rs 90,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambethkhar Nagar?

The Sub Registrar Office that covers Ambethkhar Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code for this area is 641006. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Villankuruchi

The guideline value is a crucial factor in the registration process of property transactions in Villankuruchi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property registration. This value is periodically revised, reflecting changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Ambethkhar Nagar?

The current guideline value of Ambethkhar Nagar is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,005 per sq.ft in 2024. The most notable increase was from Rs 201 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification for Ambethkhar Nagar?

The land classification for Ambethkhar Nagar is Residential Class II Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Ambethkhar Nagar?

The Ganapathy Sub Registrar Office covers Ambethkhar Nagar, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, with the postal code 641006.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to consider this value as it determines the costs associated with registering a property.